Starbucks allowed Nestle to sell its products

The American chain of coffee houses, Starbucks, has received a new partner in the face of the Swiss company Nestle. Nestle acquired the right to sell Starbucks products around the world. The deal amounted to more than $7 billion, and as noted by representatives of Nestle, this transaction would greaten revenue by increasing the number of consumers, bringing together the three major world brands of coffee - Starbucks, Nescafe and Nespresso. For Starbucks, this is a good deal, which will positively affect the company's shares.

Since the beginning of the week, Starbucks shares have grown by 1.5% and will continue to grow based on the news. Trading will be available during the American session, from 13:40 to 20:00 GMT.

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